What is Steel Dynamics's SG&A?

Steel Dynamics (STLD) reported SG&A of $175.22M in Q1 2026.

How has Steel Dynamics's SG&A changed year-over-year?

Steel Dynamics's SG&A decreased by 3.6% year-over-year, from $181.81M to $175.22M.

What is the long-term trend for Steel Dynamics's SG&A?

Over 4 years (2021 to 2025), Steel Dynamics's SG&A has grown at a 4.4% compound annual growth rate (CAGR), from $643.98M to $765.31M.

Combined selling expenses (sales force, marketing, distribution) and general & administrative costs (management, legal, accounting, facilities) — the broadest opex category.

Steel Dynamics STLD SG&A

SG&A at other companies

Commercial MetalsCMC

$233.17M+39.2%

NucorNUE

$378M+34.5%

Cleveland-CliffsCLF

$125M-6.0%

RelianceRS

$734.8M+6.5%

MetallusMTUS

$22.2M-8.6%

Worthington SteelWS

$77.5M+41.9%

Other financials

Income statement

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Revenue$5.2B+19.1%

Gross profit$763.2M+56.9%

Operating income$538.0M+95.5%

Net income$403.4M+85.8%

EPS (diluted)$2.78+93.1%

Balance sheet

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Cash & equivalents$556.5M-53.1%

Total debt$4.2B+0.1%

Total equity$9.2B+3.9%

Total assets$16.7B+5.0%

Cash flow

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Operating cash flow$148.3M-2.8%

CapEx$138.0M-54.8%

Free cash flow$10.3M+107%

Valuation

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Market cap$33.09B+62.8%

Enterprise value$36.74B+55.1%

P/E24.1×+4.6×

P/S1.7×+0.6×

Profitability

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Gross margin14%+0.6pp

Operating margin9.1%+0.6pp

Net margin7.2%+0.4pp

FCF margin3.5%+2.9pp

Returns & leverage

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Return on equity15.3%+2.2pp

Debt / equity0.5×0.0×

Current ratio3.1×+0.4×

Where this comes from

Reported directly by Steel Dynamics in its filing.

Tagged under the XBRL concept us-gaap:SellingGeneralAndAdministrativeExpense.

The official record: Steel Dynamics’s 10-Q, filed April 27, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Steel Dynamics's SG&A?: Steel Dynamics (STLD) reported SG&A of $175.22M in Q1 2026.
How has Steel Dynamics's SG&A changed year-over-year?: Steel Dynamics's SG&A decreased by 3.6% year-over-year, from $181.81M to $175.22M.
What is the long-term trend for Steel Dynamics's SG&A?: Over 4 years (2021 to 2025), Steel Dynamics's SG&A has grown at a 4.4% compound annual growth rate (CAGR), from $643.98M to $765.31M.
What does SG&A mean?: Combined selling expenses (sales force, marketing, distribution) and general & administrative costs (management, legal, accounting, facilities) — the broadest opex category.